We are in the wave Y area. From here we can expect upside again but we see it as the 'last' chance.
In the higher timeframe, it looks like we are doing a wave (4) down which should be followed by a wave (5) up. However, there is a potential trap in which we might see way more downside as the wave II correction can still be ongoing.
We are reaching the areas from where we can go long again. We are looking to buy wave ((c)) and wave Y for more upside. There might even be a chance that waves ((c)) and Y are already completed.
Despite the most recent sell off, my wave count suggests further upside, potentially during Q4 of 2023 should be expected. Looking for support to be found, to then resume higher. Feel free to ask questions, Trade Safe!
We are reaching the areas from where we can go long again. We are looking to buy wave ((c)) and wave Y for more upside. There might even be a chance that waves ((c)) and Y are already completed.
We are reaching the areas from where we can go long again. We are looking to buy wave ((c)) and wave Y for more upside. There might even be a chance that waves ((c)) and Y are already completed.
We are reaching the areas from where we can go long again. We are looking to buy wave ((c)) and wave Y for more upside. There might even be a chance that waves ((c)) and Y are already completed.
Looks as if a double top has formed after the recent melt up and a secondary trendline has been broken (solid yellow). Used RSI and OBV here to show the deviation from the price action solid red). The current trendline of the RSI has broken down and has bounced lower off the 50 level while the OBV sits right on it's current trendline. Price action has seemingly...
These are my short to medium term key PMLs (Price Magnet Levels) for NAS100
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. The corrective structure following the upward structure also looks complete now which means we can see more upside again. However, we cannot exclude a bigger correction that goes deeper into the wave (4) area.
After retracement of the price and taken liquidity of the sell side and rejection of FVG and golden zone Fibonacci "OTE" we will see a increase of the price towards supply zone
NASDAQ broke the support Cluster of the rising and Horizontal lines at around 15432 so we are now Bearish biased and I will Be expecting a move down!
US30 is going to fall. Remember that every good setup is most probable entry not 100%. must use money management.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. We are waiting for a clear ABC pullback in order to go long.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. We are waiting for a clear ABC pullback in order to go long.
In the weekly, the NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II. In the daily and 4h, it looks like the upward structure as a wave (3) might finish...
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades. On the lower timeframe, we are now looking for short trades.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades.